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Author Topic: GAW / Josh Garza discussion Paycoin XPY xpy.io ION ionomy. ALWAYS MAKE MONEY :)  (Read 3208489 times)
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May 30, 2017, 05:06:22 PM
Last edit: May 30, 2017, 05:18:22 PM by RoomBot
 #47801

Cool

Quote
Securities and Exchange Commission v. Garza et al

Monday, May 29, 2017

ORDER FOR ENTRY OF DEFAULT JUDGMENT. For the reasons set forth in the attached ruling, plaintiff's motion for default judgment (Doc. #15 ) is granted and it is hereby ORDERED, ADJUDGED, AND DECREED that defendants GAW Miners, LLC and ZenMiner, LLC are jointly and severally liable for disgorgement of $10,078,331 plus $305,768 prejudgment interes
t. Due to the passage of time since plaintiff's filing of the default motion, plaintiff may file a supplemental motion if it wishes to update the amount that should be paid in prejudgment interest. In addition, defendant GAW Miners, LLC shall pay a civil penalty in the amount of $1,000,000, and defendant ZenMiner, LLC shall pay a civil penalty in the amount of $1,000,000. Plaintiff may also recover post-judgment interest as provided by law. It is so ordered. Signed by Judge Jeffrey A. Meyer on 5/29/2017. (Gruber, Sarah)

Good for the record I guess. Just no way Homero is going to be able to squirm his way out of his day in court.



How does the law work in US? His name is not mentioned. Are officers on the hook personally? Can bankruptcy get him out from under this? Is jail an option for this?

I'm thinking yes to all of the above but would like some clarification.

What officers of this company are on the hook?

I watched 'The Wizard of Lies' - the Bernie Madoff story on HBO last night. I can't help but think that Homero is the crypto version of that sack of shit. Live high on the hog for years and then have his family disintegrate, two sons die, thousands of lives ruined, all because of his scam.

IMO it is an excellent story of karma coming back to bite. The problem is that it bites those who were innocent but caught in his web. I don't think he gave a fuck. I doubt Homero does either.

Robert De Niro is an excellent actor! Homero, not so much.

Gawsome!

Richard Dreyfuss also did an AMAZING "Bernie Madoff," with Blythe Danner doing a rare excellent turn as his effed-over wife:

http://www.imdb.com/title/tt4035574/?ref_=fn_al_tt_1 <--------- Watch a free trailer here, (no ads.)

now....

Who should play Homero???

Someone with a frog-face, man-boobs and zero personality.....hmmmm....I'm thinking, Miley Cyrus!  LMAO

Does this question need its own thread?  hahahahaha
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May 30, 2017, 05:08:40 PM
 #47802

In the back of my mind I wonder if he still has some out there in the block chain he hadn't spent.  Its like the pirate with buried treasure...we just need to find the map.  Hopefully they follow his banking transactions and his family's for a while after he is out of prison.

It would be a truly gawsome deal for him if he could pay back the $10m, do the time, and still come out filthy rich. However based on what we know about Garza he's not the "saver" type. He always spent way more than he could afford, what with the cars and the jet rentals and the domain names and the fake boobs. So most likely he's blown it all.

I mean, suppose he just kept 1 million at the time and never spent it, and left it on the blockchain.  That is 8 million today.  I also question how they allowed him to sell his $400,000 house with no repercussions.

Don't worry about poor Homero!

He's an ION - IONOMY Gazillionaire!
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May 30, 2017, 07:54:17 PM
 #47803

How does the law work in US? His name is not mentioned. Are officers on the hook personally? Can bankruptcy get him out from under this? Is jail an option for this?

I'm thinking yes to all of the above but would like some clarification.

What officers of this company are on the hook?

The two LLCs were co-defendants in the case, along with Garza personally. So the default judgement is merely a reflection of the fact that the LLCs are essentially defunct. Garza is still on the hook.

This is the SEC civil case, so no jail here. That would be (hopefully) part of the FBI/DOJ plea deal in July.

One thing to keep in mind is that Garza scammed bitcoins, which now would be worth about 8x compared to late 2014. So even if he somehow comes up with the $10 million, either as part of the plea deal or in the SEC case, he's still screwing everyone over to the tune of $70m+.

Can he file bankruptcy when faced with a judgement from the SEC?

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May 30, 2017, 08:20:56 PM
 #47804

Can he file bankruptcy when faced with a judgement from the SEC?

IANAL but I don't think so:

(edit: I mean he can file but it won't help him)

https://www.law.cornell.edu/uscode/text/11/523

Quote

11 U.S. Code § 523 - Exceptions to discharge

(a) A discharge under section 727, 1141, 1228(a), 1228(b), or 1328(b) of this title does not discharge an individual debtor from any debt—

[...]

that—
(A) is for—
(i) the violation of any of the Federal securities laws (as that term is defined in section 3(a)(47) of the Securities Exchange Act of 1934), any of the State securities laws, or any regulation or order issued under such Federal or State securities laws; or
(ii) common law fraud, deceit, or manipulation in connection with the purchase or sale of any security;


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May 30, 2017, 09:51:07 PM
 #47805

Can he file bankruptcy when faced with a judgement from the SEC?

IANAL but I don't think so:

(edit: I mean he can file but it won't help him)

https://www.law.cornell.edu/uscode/text/11/523

Quote

11 U.S. Code § 523 - Exceptions to discharge

(a) A discharge under section 727, 1141, 1228(a), 1228(b), or 1328(b) of this title does not discharge an individual debtor from any debt—

[...]

that—
(A) is for—
(i) the violation of any of the Federal securities laws (as that term is defined in section 3(a)(47) of the Securities Exchange Act of 1934), any of the State securities laws, or any regulation or order issued under such Federal or State securities laws; or
(ii) common law fraud, deceit, or manipulation in connection with the purchase or sale of any security;


3 strikes --- you're out!
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May 31, 2017, 01:38:24 AM
 #47806

Can he file bankruptcy when faced with a judgement from the SEC?

IANAL but I don't think so:

(edit: I mean he can file but it won't help him)

https://www.law.cornell.edu/uscode/text/11/523

Quote

11 U.S. Code § 523 - Exceptions to discharge

(a) A discharge under section 727, 1141, 1228(a), 1228(b), or 1328(b) of this title does not discharge an individual debtor from any debt—

[...]

that—
(A) is for—
(i) the violation of any of the Federal securities laws (as that term is defined in section 3(a)(47) of the Securities Exchange Act of 1934), any of the State securities laws, or any regulation or order issued under such Federal or State securities laws; or
(ii) common law fraud, deceit, or manipulation in connection with the purchase or sale of any security;


3 strikes --- you're out!

I wonder how that works.  A judgement can be renewed indefinitely.  Do the Feds typically renew them?  I'm thinking 10 years is up after he gets out assuming he serves 80 months.  So they take 25% of his salary or whatever the state allows for the rest of his life until he pays back?  Do the proportionally pay me back at 10 cents a month lol?(I lost $1000).

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May 31, 2017, 03:05:59 AM
 #47807

Another rather decent job by Bob Audette:  http://www.reformer.com/stories/joshua-garza-and-gaw-miners-sec-asks-for-12-million-from-bitcoin-mining-companies,508886

"I'm Lovin' It"

#McGarzas:

#Scared
#Frightened
#5thAmendmentPussies
#InDebtForevever
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May 31, 2017, 03:19:25 AM
 #47808

Another rather decent job by Bob Audette:  http://www.reformer.com/stories/joshua-garza-and-gaw-miners-sec-asks-for-12-million-from-bitcoin-mining-companies,508886

"I'm Lovin' It"

#McGarzas:

#Scared
#Frightened
#5thAmendmentPussies
#InDebtForevever

It makes you wonder how efficient things are in the government.  It takes them almost 3 years to get a meaningless judgement?  Kind of hilarious.

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May 31, 2017, 03:30:34 AM
 #47809

Can he file bankruptcy when faced with a judgement from the SEC?

IANAL but I don't think so:

(edit: I mean he can file but it won't help him)

https://www.law.cornell.edu/uscode/text/11/523

Quote

11 U.S. Code § 523 - Exceptions to discharge

(a) A discharge under section 727, 1141, 1228(a), 1228(b), or 1328(b) of this title does not discharge an individual debtor from any debt—

[...]

that—
(A) is for—
(i) the violation of any of the Federal securities laws (as that term is defined in section 3(a)(47) of the Securities Exchange Act of 1934), any of the State securities laws, or any regulation or order issued under such Federal or State securities laws; or
(ii) common law fraud, deceit, or manipulation in connection with the purchase or sale of any security;


3 strikes --- you're out!

I wonder how that works.  A judgement can be renewed indefinitely.  Do the Feds typically renew them?  I'm thinking 10 years is up after he gets out assuming he serves 80 months.  So they take 25% of his salary or whatever the state allows for the rest of his life until he pays back?  Do the proportionally pay me back at 10 cents a month lol?(I lost $1000).

It's up to the plaintiffs to keep adding liens and send the Sheriffs to grab property

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May 31, 2017, 02:06:50 PM
 #47810

He is nearly judgement proof in Texas.   Coincidence?  I don't think so.

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May 31, 2017, 04:57:10 PM
 #47811


Maybe in a civil suit.  Definitely NOT a coincidence.

I think he's just using that address for that reason.

He was DOXXED living in Ohio a few months ago.

No worries, there is NO STATE where you can hide from DOJ, FBI, IRS & DHS.......except the state of Denial --  and we have an extradition Treaty with Insanity.  Grin
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May 31, 2017, 07:21:41 PM
 #47812

In the back of my mind I wonder if he still has some out there in the block chain he hadn't spent.  Its like the pirate with buried treasure...we just need to find the map.  Hopefully they follow his banking transactions and his family's for a while after he is out of prison.

It would be a truly gawsome deal for him if he could pay back the $10m, do the time, and still come out filthy rich. However based on what we know about Garza he's not the "saver" type. He always spent way more than he could afford, what with the cars and the jet rentals and the domain names and the fake boobs. So most likely he's blown it all.

I mean, suppose he just kept 1 million at the time and never spent it, and left it on the blockchain.  That is 8 million today.  I also question how they allowed him to sell his $400,000 house with no repercussions.

Did he ever own a house?

He was renting that one (remember all the move out shenanigans and fines for damages?), and then Jessica was attempting to be the realtor for the sale of another.
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May 31, 2017, 07:25:40 PM
Last edit: May 31, 2017, 07:36:32 PM by truckinusa
 #47813

In the back of my mind I wonder if he still has some out there in the block chain he hadn't spent.  Its like the pirate with buried treasure...we just need to find the map.  Hopefully they follow his banking transactions and his family's for a while after he is out of prison.

It would be a truly gawsome deal for him if he could pay back the $10m, do the time, and still come out filthy rich. However based on what we know about Garza he's not the "saver" type. He always spent way more than he could afford, what with the cars and the jet rentals and the domain names and the fake boobs. So most likely he's blown it all.

I mean, suppose he just kept 1 million at the time and never spent it, and left it on the blockchain.  That is 8 million today.  I also question how they allowed him to sell his $400,000 house with no repercussions.

Did he ever own a house?

He was renting that one (remember all the move out shenanigans and fines for damages?), and then Jessica was attempting to be the realtor for the sale of another.

Yeah, he owned the place in Brattleboro.  At least his name was on the property tax records.  142 Hillcrest

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May 31, 2017, 11:59:12 PM
 #47814

Ah, guess I am thinking of a different house!

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June 01, 2017, 12:51:38 AM
 #47815


I'm thinking of The Big House.
 Grin
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June 01, 2017, 02:42:19 AM
 #47816


I'm thinking of The Big House.
 Grin



"And this one is reserved for Joshua Garza. Note the closet for his vests, state-of-the-art computer setup with free wi-fi, six feather pillows on a sleep-number bed, a well-stocked fridge, a bidet, six-foot long vintage cast iron soaking tub, and a 55-inch flat-screen TV. Oh, and a mess of games to entertain him during his months-long stay with us.
We hope he likes it."
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June 01, 2017, 03:17:13 AM
 #47817



      /S
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June 01, 2017, 04:13:38 AM
 #47818


"There, I formally ordered a McGarza-size desk with fries and a large cup of hot covfefe on ice."
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June 01, 2017, 11:18:50 AM
 #47819


"There, I formally ordered a McGarza-size desk with fries and a large cup of hot covfefe on ice."

McCovfefe

FTFY
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June 02, 2017, 02:03:13 AM
 #47820

https://upload.wikimedia.org/wikipedia/commons/5/5b/Trump_signing_order_January_27.jpg
"There, I formally ordered a McGarza-size desk with fries and a large cup of hot covfefe on ice."

McCovfefe

FTFY
These posts are getting really clever. A lot of thought must have been put into this cesspool of creativity.
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